Complete Table 3 $\quad$ $\quad$ $\quad$ $\quad$

question 135

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, if the price is $4, the market will
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {Quantity Demanded by}$

$\begin{array}{cc}\text { Price } & \text { Alejandro } &\text { Ben } & \text { Carl }&\text { Market }\\ \$ 8.00 & 8 & 4 & 2&\underline{\quad\quad} \\6.00 & 12&4 & 4&\underline{\quad\quad} \\4.00 & 20 &4 & 6&\underline{\quad\quad} \\2.00 & 22&4 & 6 &\underline{\quad\quad} \end{array}$ $\quad$ $\quad$ $\quad$$\text { Quantity Supplied by }$
$\begin{array}{lcccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\$8.00 & 60 & 4 & 6 &\underline{\quad\quad} \\\$ 6.00 & 42 & 4 & 4&\underline{\quad\quad} \\\$ 4.00 & 24 & 4 & 2&\underline{\quad\quad} \\\$ 2.00 & 6 & 4 & 0&\underline{\quad\quad} \end{array}$

• A)Be in equilibrium.
• B)Experience a surplus of 30 units.
• C)Experience a shortage of 22 units.
• D)Experience a surplus of 56 units.

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Definitions:

Transferring

The process of moving or assigning an employee, resources, or responsibilities from one position, location, or task to another within an organization.

Collaboration

A conflict management style in which the person works through conflict differences and solves problems so everyone wins.

Win-win Conflict

A conflict resolution outcome where all parties involved achieve their objectives or benefit mutually.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.